Transit Damage - Entry Required

A/c entries 1292 views 2 replies

How to Post entry for Transit Damage or Godown Damage in tally 9 ?

Replies (2)
Originally posted by :Mahesh
"

MAke JV

Demage A/c Dr. xxx

        To What is Demage (assets, goods etc)  xxx

"

Thanks Laxman .  I would Like to clarify little more since i am working with a Distributor who gets item from various suppliers. Some time the items get damaged in transit for whcih we get Claims from the Supplier.  We are keeping our Accounts in Tally and i want to make sure the damages are reflected in the Closing Stock and the Claim Process gos properly.  

  I have Created a ledger "Damage A/c" as Direcct Expenses and posted the entry Like this

Damage A/c Dr. XXX

      To Purchase A/c   [ With appropriate reference to the Specific Product]

and I am planning to put another entry after getting Claims from the supplier as

Supplier A/c Dr XXX

     To Damage A/c  XXX

Is this the correct Way to deal Transit Damages .  Pleas Advice...

 


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